Aftermath Silver Stock Price, News & Analysis

Aftermath Silver (AAGFF) has made an early US$2.9-million property payment to EMX Royalty Corp for its Berenguela silver-copper-manganese project in Peru, 5 months ahead of the May 2025 due date. This payment is part of the company's option to acquire 100% interest in the project through agreements with SSR Mining and EMX Royalty.

The remaining payments to EMX include US$3.25-million due in November 2026 and a sliding-scale NSR royalty on mineral production: 1.0% when silver prices are up to US$25 per ounce, increasing to 1.25% when silver exceeds US$25 per ounce and copper is above US$2 per pound.

The company is currently focusing on completing the Berenguela PEA and revising the mineral resource estimate, incorporating results from recent infill drilling.

Aftermath Silver has closed a $10 million non-brokered private placement with Eric Sprott. The placement consisted of 22,222,222 units at $0.45 per unit, with each unit including one common share and half a warrant. Each warrant allows purchase of one additional share at $0.70 within 36 months. The proceeds will fund studies at the Berenguela Silver-Copper-Manganese project in Peru and working capital.

Following the placement, Sprott's ownership increased to 25.0% of outstanding shares (non-diluted) and 30.0% on a partially diluted basis. The securities are subject to a hold period until March 29, 2025.

Aftermath Silver (TSXV: AAG) (OTCQX: AAGFF) announced the approval of all matters at its annual general meeting. Shareholders re-elected the board of directors and approved Davidson & Company LLP as auditor. A significant development includes the approval of 2176423 Ontario and Eric Sprott as new Control Persons. The company plans a private placement of 22,222,222 units at $0.45 per unit, totaling $10 million. Each unit includes one common share and half a warrant, exercisable at $0.70 for 36 months. The company also provided updates on its Berenguela Project in Peru, which hosts silver-copper-manganese resources near essential infrastructure.

Aftermath Silver (TSXV: AAG) (OTCQB: AAGFF) has been added to the Solactive Global Silver Miners Total Return Index effective November 1, 2024. The company received Cdn$1,379,891 from the exercise of 4,854,566 warrants and currently holds Cdn$10.55m in cash and GICs. Aftermath plans a non-brokered private placement of up to 22,222,222 units at 45 cents per unit, targeting $10-million in proceeds. The company has an option to acquire 100% of the Berenguela silver-copper-manganese project in Peru, which is strategically located near infrastructure and contains metals important for clean energy and battery applications.

Aftermath Silver (TSXV: AAG) (OTCQX: AAGFF) has reported high silver recoveries from metallurgical testwork at its Berenguela Silver-Copper-Manganese project in Peru. The results show 95% and 89% silver recovery for two composites tested, with cyanide consumption less than 1 kg per oz of silver recovered. The company has also demonstrated the potential to produce battery-grade manganese sulphate.

The basic flowsheet involves acid leaching followed by a standard cyanide leach plant for silver extraction. Aftermath is advancing to the next phase of metallurgical testwork, including preliminary process and sizing studies for plant design.

Additionally, the company announced the exercise of 6,535,487 warrants, generating C$1,795,453 in cash proceeds. Aftermath also clarified a previous disclosure regarding stock option grants, stating that 5,275,000 stock options were granted, not 5,025,000 as originally reported.

Aftermath Silver (TSXV: AAG) (OTCQX: AAGFF) has initiated a 4,000m diamond drilling campaign at its Berenguela Ag-Cu-Mn project in Peru. The program aims to upgrade inferred resources, define mineralization, and explore high-grade copper areas. The company plans to update the resource inventory in 2025.

Additionally, Aftermath has granted 5,025,000 stock options at Cdn$0.35 per share and issued 2,350,000 restricted share units to directors, officers, and employees. The company also clarified the issuance of 470,204 finder's warrants and payment of $109,444.68 in commissions related to a previous private placement.

Berenguela is an open-pittable silver-copper-manganese resource in Peru, with potential applications in clean energy and battery industries. Aftermath has an option to acquire 100% interest in the project from SSR Mining.

Aftermath Silver (TSXV: AAG) (OTCQX: AAGFF) has successfully produced battery grade manganese sulphate crystals from a third drill core composite sample of its Berenguela project in Peru. The test work, conducted at Kappes Cassiday and Associates' Reno facility, achieved 99.9% pure High-purity manganese sulphate monohydrate (HPMSM) with 32.4% Mn content and 95% Mn recovery. This sample represents a substantial portion of the Berenguela mineral resource containing 12-16% combined calcium and magnesium.

Composite samples representing over 67% of the Measured & Indicated resource have now been tested and successfully produced HPMSM on bench-scale. The company is systematically testing samples representing the main mineral resource and geometallurgical domains at Berenguela, demonstrating potential for HPMSM production using a single hydrometallurgical process route.

Aftermath Silver announced successful metallurgical test results from its Berenguela project in Peru. The second composite sample produced 99.9% pure battery-grade manganese sulphate monohydrate (MnSO4.H2O), assaying 32.9% Mn. Conducted by Kappes Cassiday and Associates (KCA) in Reno, the process used was hydrometallurgical, with no electrowinning required. The sample achieved a 95% Mn recovery rate and met purity specifications with less than 150 ppm impurities. The company is now focusing on extracting silver from the samples and preparing a third composite sample. This work supports ongoing preliminary economic assessments. Berenguela’s updated resource estimate includes substantial manganese, silver, and copper resources. The test outcomes are promising, suggesting the historic metallurgical work can be reliably replicated.

Aftermath Silver has announced positive results from its ongoing metallurgical test work on mineralized rock from the Berenguela Ag-Cu-Mn project in Peru.

The tests, conducted at Kappes Cassiday and Associates' Reno facility, analyzed 16 composite samples from the 2021-2022 drill program.

Initial and recent tests confirmed that various samples, despite differences in metal content, can be processed using the same treatment route.

This indicates that approximately 33% of the contained manganese can be processed by direct leaching methods without ore sorting, potentially simplifying operations.

Further tests confirmed the recovery of over 94% manganese and up to 99% pure copper sulfide precipitation, paving the way for future test work on different mineralization types.

The findings suggest a robust processing method for the diverse mineralization in the resource, which enhances the project's potential.